ALYI - Alternet Systems Hemp Energy Storage Technology Attracts Electric Vehicle M&A Attention
DALLAS, March 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced the company is seeing unsolicited interest from a variety of electric vehicle companies in response to the combination of ALYI’s hemp energy initiative and recent announcements regarding plans to acquire an electric car manufacturing operation. Management indicates the unsolicited interest comes from electric vehicle producers interested in pursuing merger and acquisition (M&A) opportunities with ALYI. Management considers the unsolicited interest as a validation of, and improvement upon the companies recently initiated plan to acquire an electric care manufacturing capacity.
ALYI recently brought Clarkson University Professor David Mitlin on board to lead a hemp energy storage initiative. Mitlin has successfully used hemp bast - the fiber left over from processing hemp - to construct carbon nanosheets that compete with, and in some respects, outperform the supercapacitor performance derived from more typical graphene nanosheets. Mitlin holds a US patent for his proprietary hemp energy storage technology.
ALYI also recently issued an update on its targeted acquisition of a shuttered start-up electric car manufacturing facility. The targeted acquisition is one of several potential acquisitions the company is developing to expand from its current electric motorcycle business into producing electric cars. The company has announced $2 million in orders for its electric motorcycle. The global electric vehicle market is expected to reach over . With a recent report forecasting electric and internal combustion engine price parity by 2024, ALYI is positioning to expand into electric cars.
ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also recently brought Clarkson University Professor David Mitlin on board to lead a hemp energy storage initiative. Mitlin has successfully used hemp bast - the fiber left over from processing hemp - to construct carbon nanosheets that compete with, and in some respects, outperform the supercapacitor performance derived from more typical graphene nanosheets. Mitlin holds a US patent for his proprietary hemp energy storage technology.
Research Report Speculative Buy Rating And $0.09 Target PPS
Goldman Small Cap Research recently issued an research report update on the Company. The report confirms a 'speculative-buy' rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit or .
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
For more information, please visit: Alternet Systems, Inc. Contact:
Randell Torno
